Yes very well stated.
As an example many investors fall in love with a stock with rose coloured glasses and instead of selling they just hang on despite logic and facts with small loses just increasing over time. CHN is a classic example.
There are many examples of very mispriced stocks in both directions in the history of the share market. Human psychology has a huge impact on the price of stocks and leads to huge mis-pricing of stocks - there are big winners who sell at high prices and the losers who sell at low pricing. Just look at the late 60's nickel boom when Poseidon went to over $200 a share and then what happen, everyone lost. There are heaps of other examples.
One of the key lessons of successful investors is they do not fall in love with a stock.
It is obvious from HC posts for many stocks that many investors fall in lover with so many stocks.
CHN chart, page-6405
-
-
- There are more pages in this discussion • 2,255 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CHN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.31 |
Change
0.020(1.55%) |
Mkt cap ! $509.5M |
Open | High | Low | Value | Volume |
$1.32 | $1.38 | $1.31 | $4.246M | 3.177M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 115841 | $1.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.31 | 37678 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 9760 | 1.295 |
4 | 30375 | 1.290 |
1 | 10000 | 1.285 |
4 | 29600 | 1.280 |
4 | 32893 | 1.260 |
Price($) | Vol. | No. |
---|---|---|
1.310 | 37678 | 1 |
1.320 | 20000 | 1 |
1.325 | 4000 | 1 |
1.335 | 8000 | 2 |
1.340 | 20000 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
CHN (ASX) Chart |